Morning Minute: Bitcoin Falls After Powell's Likely Final FOMC

💡 DMK Insight

No rate cuts on the horizon means traders should brace for volatility in tech stocks and crypto. With Big Tech earnings boosting AI sentiment, we might see a short-term rally, especially in stocks like Meta, which is re-entering the crypto space with USDC payouts. This move could increase interest in crypto payments, potentially driving up demand for USDC and related assets. However, the absence of rate cuts suggests a tightening environment, which could pressure tech valuations in the longer term. Traders should keep an eye on earnings reports and macroeconomic indicators that could shift sentiment quickly. Watch for Meta’s price action around key support levels, as any significant movement could signal broader trends in both tech and crypto markets. If Meta can hold above its recent lows, it might attract more bullish sentiment, but a breakdown could lead to cascading effects across related sectors.